Meezan Bank considers new products

Meezan Bank considers new products

Meezan Bank Ltd would introduce Meezan Islamic Card and Islamic Micro Financing in the country.

The new products were reviewed in 12th Shariah Supervisory Board meeting of Meezan Bank Ltd held at Jamia Dar-ul-Uloom Karachi. The meeting was chaired by Mufti Taqi Usmani and attended by Irfan Siddiqui, Meezan Bank’s President and CEO with the senior management and other prominent International Shariah scholars including Sheikh Essam Ishaq from Bahrain, Sheikh Abdul Sattar Abu Guddah (Saudia Arabia) and Dr Imran Ashraf Usmani.

The board after reviewing the concept of proposed Islamic Micro financing banking approved the idea of introducing the Islamic Micro Financing developed by Meezan Bank’s Product Development team and opined that through Islamic Micro finance banking the true benefits of Islamic banking can reach to the grass root level and it would help alleviating poverty and bring economic prosperity in the society.

Shariah board also discussed various features of proposed Meezan Islamic Card and recommended various tools to further improve the idea so that Islamic Shariah is truly followed in Islamic card as well. The bank has a variety of Shariah-compliant products and services under one roof. The bank’s mission is to offer a one-stop shop for innovative value-added financial products and services to customers within the bounds of Islamic Shariah.

The bank is committed to providing its customers dedicated and pure Islamic Banking facilities with the great convenience and personalized service with over 80 real time online branches in all major cities of the country.